PBR 2007: Remittance basis: Irish income

Remittance basis: Irish income

The Pre Budget Report includes a proposal to amend the tax treatment of income arising in Ireland to align it with income from other overseas sources.

Where an individual is UK resident but not UK domiciled, they are taxed on non UK investment income on a remittance basis. This applies to investment income arising anywhere in the world, except Ireland.

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